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No the statement "one must have the required academic qualifications" is incorrect. There are exemplifying qualifications (tick in a box) but, providing the candidate can demonstate that they have completed further learning that is equivalent to these, they can be awarded CEng.

David is right. an 'appropriate' degree fulfils the academic side and gets you to interview quickly. Anything less has a fair degree of interpretation. This can mean more evidence and in the extreme examples a technical review.

The checks & balances are there to to cause misery but to ensure the right level of information is used to assess and evaluate. Having the 'right' degree takes you a larger step to this than not.

Think of it as balancing the need to maintain and demonstrate standards against the minimum work the candidate and assessors need to do to achieve this.

There are no trick question; no-one is trying to catch anyone out; the aims to to help the candidate 'over the line' not find a bigger barrier.

One more thing - its not about time served, but rather about demonstrable competence.

I noticed in your profile that you have the post nominal of PEng, which means you must live in Canada, or have lived in Canada. In which province do you have your Licence, as I cannot find your name listed in Ontario.